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It Won't Be a Recession‐It Will Just Feel Like One WSJ
[WSJ] The good news is the probability of a recession is down sharply, according to The Wall Street Journal’s latest survey of economists. The bad news is that, for a lot of people, it is still going to feel like a recession.Business and academic economists surveyed by the Journal lowered the probability of a recession within the next year, to 39% from 48% in the October survey. "A recession in the year ahead seems less likely than it appeared at the start of 2023, since interest rates are trending lower, gas prices are down from last year, and incomes are growing faster than inflation," said Bill Adams, chief economist at Comerica Bank . Still, economists on average expect the economy to grow just 1% in 2024, about half its normal long-run rate, and a significant slowing from an estimated 2.6% in 2023.
Posted by: The Walking Unvaxed 2024-01-14 |
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| http://www.rantburg.com/poparticle.php?ID=688712 |